Income-tax (Fifteenth Amendment) Rules, 2013

Income-tax (Fifteenth Amendment) Rules, 2013 - Insertion of Rule 12BA and Form No.63AA

Notification No. 68/2013, [F.NO.142/18/2013-TPL]/SO 2668(E), dated 04-09-2013

In exercise of the powers conferred by sub-section (3) of section 115TA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:

1. (1) These rules may be called the Income-tax (15th Amendment) Rules, 2013.

    (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962,

(a) after rule 12B, the following rule shall be inserted, namely:

"12BA. Statement under sub-section (3) of section 115TA

(1) The statement of income distributed by the securitisation trust shall be furnished as provided in sub-rule (2) to

(i) the Assessing Officer so designated by the Chief Commissioner or Commissioner of Income-tax, within whose area of jurisdiction, the principal office of the securitisation trust is situated;

(ii) in any other case, to the Assessing Officer within whose area of jurisdiction, the principal office of the securitisation trust is situated.

(2) The statement of distributed income which is to be furnished under sub-section (3) of section 115TA by the securitisation trust shall be in Form No.63AA, duly verified by an accountant in the manner indicated therein.";

(b) in Appendix II, after Form No.63A, the following Form shall be inserted, namely:

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Click here to view the complete text of the above Notification.

Source: Income Tax Department- India.